Il Cyprus yellow on the request for "greater assistance" and the confusion over Nicosia's financial needs throw the markets into turmoil, on the day when the unblocking of aid by theEurogroup. Paris lost 1,23%, Frankfurt -1,61%, London -0,49%, Madrid -1,59% and Milan -1,5%.
However, to understand where the deepest fears about the situation in the Eurozone you have to look at the words of Mario Draghi of today: "The banks in the euro area do not lend to the real economy, because they are afraid of not seeing their funds repaid, and this is a problem on which the ECB is reflecting". Because if it is true that Lrto has given liquidity to the banks which are now much better off, as demonstrated by the fact that the repayments to the ECB continue, the companies have seen little or nothing of this money. And only if the real economy finds a way to restart will it be possible to cut the vicious circle of a crisis that continues to wind itself in the same grip in the austerity trap.
A problem for the resolution of which there are no aids that hold. And that doesn't just depend on Draghi. "We continue to reflect on how to get the banks to overcome these fears - added the governor of the ECB - we are clearly determined to ensure that the injected funds find their way to the real economy, be it businesses or households, but it is quite clear that on this point to be effective, the participation of other actors is needed”.
Lo Btp-bund spread during the day it rose to 310 points before closing at around 304. In Piazza Affari the banks fell: Banco Popolare -3,87%, Ubi Banca -3,77%, Ubi Banca -3,77%.
At the bottom of the Ftse mib there is though Mediaset -4,86%. The enthusiasm of yesterday's rally due to rumors, denied, of a possible sale of Mediaset Premium has returned to the Biscione. Fiat also down -3,60%.
It still shines Telecom Italy +3,76% thanks to the possible agreement with the Chinese owners of 3 Italia and the continuation of the study on the unbundling of the network. A2A also stands out +2,34%. Rcs +1,17%. As of this afternoon, 44% of the share capital by the shareholders of the pact would have adhered to the increase. Mediobanca, Fiat, Fonsai, Pirelli, Intesa, Mittel, Eridano Finanziaria, Edison and Unipol have joined.
THEeuro remains stable against the dollar (-0,06%), oil falls by 2,65% and gold falls below 1.500 dollars an ounce, the lowest since July Wall Street is not doing better in the wake of a series of data macros that performed worse than expected: the index of the University of Michigan in April unexpectedly dropped to 72,3 points, as well as retail sales were below expectations. In the meantime, the eyes of the market are turning to the quarterly season
